506 OCEAN FRONT, Neptune Beach, FL 32266 (MLS# 961728)

506 OCEAN FRONT, Neptune Beach, FL 32266

$800,000
Property Type: Residential Income Bedrooms: 4 Baths: 3 Square Footage: 1,920 Status: Closed
Current Price: $800,000 List Date: 10/10/2018 Last Modified: 1/20/2025

Overview

Description

WOW! Under 900K for oceanfront property??? Oceanfront duplex just a short walk from the Atlantic Beach Town Center. So much fun out the back door. Bottom unit has a huge outdoor deck, pavers, and fire pit. Upstairs has oceanside deck, everybody wins. Great investment property for now, with both leases running into 2020. After that, live in one, rent the other! Would make an awesome vacation rental with all of the outstanding restaurants and bars a flip flop walk away. New roof in November of 2018. Unit A rent is $2,600 per month with a $3,100 deposit, lease expires 04/30/2020. Unit B rent is $1,740 per month, lease expires 08/31/2020. The security deposit is $1,825.

Listing Details MLS# 961728

General Property Information

Number Of Units Total
2
Bedrooms Total
4
Bathrooms Total
3
Bathrooms Full
3
Living Area
1920
Living Area Source
Public Records
Year Built
1920
Lot Size Dimensions
26 X 225
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Stories Total
2
Stories
2
Directions
From Atlantic Blvd., right (south) on A1A (3RD ST.), then left (east) on Myrtle. It will dead end on one way Midway Street, go left (north), house is on the right, oceanfront.
Public Remarks
WOW! Under 900K for oceanfront property??? Oceanfront duplex just a short walk from the Atlantic Beach Town Center. So much fun out the back door. Bottom unit has a huge outdoor deck, pavers, and fire pit. Upstairs has oceanside deck, everybody wins. Great investment property for now, with both leases running into 2020. After that, live in one, rent the other! Would make an awesome vacation rental with all of the outstanding restaurants and bars a flip flop walk away. New roof in November of 2018. Unit A rent is $2,600 per month with a $3,100 deposit, lease expires 04/30/2020. Unit B rent is $1,740 per month, lease expires 08/31/2020. The security deposit is $1,825.
List Price/SqFt
468.23
Sold Price/SqFt
416.67

Property Features

Appliances: Electric Oven; Electric Range; Refrigerator Construction Materials: Frame Cooling: Central Air; Electric Heating: Central; Electric Listing Terms: Cash; Conventional; FHA; VA Loan Parking Features: Other Pool Features: None Possession: Other Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer View: Ocean Water Source: Public Waterfront Features: Deeded Beach Access; Ocean Front

Contract Information

Listing Contract Date
2018-10-10
Property Sub Type
Duplex

Location Tax and Legal

Street Number
506
Street Name
OCEAN FRONT
County
Duval
State
FL
Postal Code
32266
Subdivision Name
Neptune Beach
MLS Area Major
221-Neptune Beach-East

Status Change Information

Major Change Timestamp
2023-11-20T12:12:29Z
Major Change Type
Price Reduced
Price Change Timestamp
2019-09-05T17:17:18Z
Purchase Contract Date
2019-12-23
Close Date
2019-12-31
Close Price
800000

Historical Information

Public Historical Remarks 1
Occupancy Rate: 100, Annual Property Tax: 12000, Lot Location-Suburban: Y, Number of Buildings: 1 Building, Present Rental Terms: Year, Two Bedroom Rentals: Over $1500/Month, Structure Slab: Y
Public Historical Remarks 2
Annual Rent: 52080.00, # 2 Bedroom Units: 2, Annual Fees and Income-Annual Lease Payment: 52080
Public Historical Remarks 3
Current Zoning: NR-4

More Information

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Source MLS Verified
Last Updated: January - 20 - 2025
Information deemed reliable but not guaranteed.

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